-
Default Advise
Hi All, New to the forum, after reading all the good advise and pointer thought I would join to help and the wife on our 15 month journey to a new home. We are in the process of finally repairing our credit rating so we can apply for a mortgage middle of next year, question is we have 2 defaults (1 each left on our credit…
-
Wed 3rd Feb - What small DFW things will you do today?
When we start out on the DFW trail we do loads of "big stuff" that makes quite a difference to our situation. These include having our lightbulb moment, cutting up the credit cards and cancelling Sky and the gym. But once we have done the bigger stuff, we often feel that we are not making the same amount of progress, when…
-
118 118 CPA even though I cancelled card?
Hi Guys Hoping for some help and advice. I'm completing some necessary steps to enter into a DMP. One of these steps was to cancel my debit card so the payday lenders couldn't just dip into my salary as I don't have enough to pay them. I cancelled my cards a few weeks ago. And from next month am being paid into a different…
-
Partner earning less than 8k but has debts of 18k - please help.
Hi I am writing this on behalf of my partner who has debts totalling double his wages [approx. 18k]. The debt consists of credit cards, loans, hire purchase and has accumulated over the last few years. Up until June last year he was working 25 hours a week as a Personal Trainer [employed] on a salary of around £11,300 a…
-
Credit Rating
Well after nearly 4 years in a Stepchange DMP I am ready to clear my final debt to my creditor. What a fantastic feeling at last, it has been tough along the way. I will clear the debt tomorrow. Now, how long will it take for my credit file rating to start lifting off the floor, obviously I don't want to get anymore loans…
-
How do we finish off these debts? Over 15 years old
Hope I'm posting this in the right place! Asking a question on behalf of a relative who had financial difficulties a few years ago. They ran into financial difficulties around 15-20 years ago and ran up debts. Finances became so difficult they were unable to settle the debts (credit cards, store credit, unsecured loans)…
-
Debt Advice please
Hi everyone, I am new to this site and this is my first post. I have significant debt. Its in different banks and countries so I will just break this down into small parts and discuss two debts that I have. I have an outstanding credit card bill of about £1300 that I will hopefully have paid off in 4 months. I also have an…
-
What to pay off first
I have my sharesave money coming to me in a week however wondering where to put it. I have £18,000 coming from the sharesave, i also have a £3,000 loan at £115 a month then my mortgage is £30,000 interest only and £30,000 repayment. So would i be right in paying off the loan then with the other £15,000 put that in to pay…
-
CCA Request
Good afternoon, I am sure that this question will have been raised before, if it has can you point to the right thread. Anyway I am in the process of sending CCA requests. To two Barclaycard accounts that probably go back to about 2005/6, Hsbc flexiloan back to 2006 (which is now held by Moorcroft). Amongst others Virgin…
-
Which debt should I pay off first?
I'm working my way through my debts and am able to make significant over payments (have done since the start of the year, what a massive help!) Anywhoo I have about £200 that I can put towards something this week. I'm not sure what one of the following three options I should do. I have £150 on both a gas and electric…
-
Car Loan Question
I took out a loan to purchase my new car in October of last year with payments that I could comfortable afford. I have now got a new job with extra disposable income at the end of each month. I am unsure whether to make overpayments on the loan to reduce either the term of the loan or the monthly payments amounts. However,…
-
Tuesday 2nd Feb - What small DFW things will you do today? :)
:) When we start out on the DFW trail we do loads of "big stuff" that makes quite a difference to our situation. These include having our lightbulb moment, cutting up the credit cards and cancelling Sky and the gym. But once we have done the bigger stuff, we often feel that we are not making the same amount of progress,…
-
Repaying ccj
I have a case next week which is for around £7000. If I lose, how much would I be expected to pay back? I have no possessions of value apart from my car which I need for work and laptop which is for uni. I take home around £200 a week
-
Feb 2016 debt-free challenge: Raise £355.05...
...to bring my credit card balances to £0, otherwise I'm entering a financial territory that I cannot afford. Wish me luck, starting good habits, then move on to the big fish later.
-
Clear unfair defaults
Hi All, I have a couple of defaults that have appeared on my credit files which I believe are there unfairly. In 2014, I had an account for Gas and another for Electricity, both with British Gas. They sent a letter with the quarterly bill and it was too high for me to pay in a lump sum. They suggested I have pre-payment…
-
Ccj
Last year we got ourselves into trouble, I lost my job we defaulted on our loan couldn't pay back ended up with a ccj. After I managed to get another job we entered into a repayment plan of £15 per week. we submitted all of our bank statements pay slips etc and they decided this was the figure we could afford without us…
-
Help paying off debt
Hello, I'm a bit embarrassed about the state of our finances, we've been a bit rubbish with money and moved house last year plus I've been on maternity leave twice in the last 3 years. I'm back at work now and we have come to our senses and want to clear our debt. I'm not sure what to tackle first. We've paid £600 off so…
-
Future debt
Another of my nosey questions, meant in the kindest possible way...:j When you're out of debt/now that you have paid back all your debt, do you ever see yourself taking on debt again for any reason (barring mortgage)? If you do, why, and what kind? If you don't, why not? We became DF last year and I can't see us taking on…
-
Help needed!
Hello I'm not sure if I have posted in the correct place. I currently have a DMP with step change which is all going fine. However, they have had a payment returned from intrum justitia and advised they are no longer dealing with this since October, I have heard nothing about this and want to know where the outstanding…
-
DCA's and F&F
Has anyone on a DMP (for quite a while) where debts have been passed to DCA's asked the DCA to accept payments made as a an F&F settlement? I'm currently asking the DCA's of some of my debts for a CCA in the hope that I can get them to accept what I have already paid as final settlement but was wondering if anyone has ever…
